Carerx Stock Market Value
| CHHHF Stock | USD 1.82 0.05 2.82% |
| Symbol | CareRx |
CareRx 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CareRx's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CareRx.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in CareRx on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding CareRx or generate 0.0% return on investment in CareRx over 90 days. CareRx is related to or competes with Ramsay Health, and Medical Facilities. CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada More
CareRx Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CareRx's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CareRx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2406 | |||
| Maximum Drawdown | 17.22 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 7.22 |
CareRx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CareRx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CareRx's standard deviation. In reality, there are many statistical measures that can use CareRx historical prices to predict the future CareRx's volatility.| Risk Adjusted Performance | 0.1697 | |||
| Jensen Alpha | 0.581 | |||
| Total Risk Alpha | 0.9451 | |||
| Treynor Ratio | 1.07 |
CareRx Backtested Returns
CareRx appears to be risky, given 3 months investment horizon. CareRx secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22 % return per unit of risk over the last 3 months. By analyzing CareRx's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of CareRx's Mean Deviation of 1.44, risk adjusted performance of 0.1697, and Standard Deviation of 2.7 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CareRx holds a performance score of 17. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CareRx's returns are expected to increase less than the market. However, during the bear market, the loss of holding CareRx is expected to be smaller as well. Please check CareRx's kurtosis, and the relationship between the value at risk and rate of daily change , to make a quick decision on whether CareRx's price patterns will revert.
Auto-correlation | 0.73 |
Good predictability
CareRx has good predictability. Overlapping area represents the amount of predictability between CareRx time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CareRx price movement. The serial correlation of 0.73 indicates that around 73.0% of current CareRx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
CareRx lagged returns against current returns
Autocorrelation, which is CareRx pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CareRx's pink sheet expected returns. We can calculate the autocorrelation of CareRx returns to help us make a trade decision. For example, suppose you find that CareRx has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CareRx regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CareRx pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CareRx pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CareRx pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CareRx Lagged Returns
When evaluating CareRx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CareRx pink sheet have on its future price. CareRx autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CareRx autocorrelation shows the relationship between CareRx pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CareRx.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CareRx Pink Sheet
CareRx financial ratios help investors to determine whether CareRx Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CareRx with respect to the benefits of owning CareRx security.